Meeting Summaries and Observer Notes

IASB September 2008

The Board discussed issues relating to IFRS 2 that have arisen since its implementation and whether to add a project to the agenda. The Board decided:

not to address requests involving reconsideration of the principles underlying IFRS 2 in the absence of new information.

to address some of the application issues in the annual improvements project or other projects.

to consider addressing differences between IFRS 2 and US GAAP only after progress has been made on related projects (notably the projects on tax and on financial instruments with characteristics of equity).

Accordingly, the Board decided not to add a project on IFRS 2 to its agenda.

In addition, the Board deferred a planned discussion of the project on group cash-settled share-based payment transactions (amendments to IFRS 2 and IFRIC 11)